radon1 wrote:americandream wrote: So when they ran a collectivised society, that was not good enough. Now they are free to earn what they will as is the case in the West, that is still not good enough.
The point is, they are not earning as is the case in the west. The western oil cos are all declining, while Pu and all, all, all are doing just fine. They rigged the tax system and threw in the devaluation in order to, putting it plainly, rob the population one another time. As has always been the case in Russia (and many other countries).
Rosneft is actually a state-owned company. Or "state"-owned, whichever is suitable.
OK. Two things.
1 The markets cannot be rigged. Thats nonsense.
2 However, you can rig direct drawdowns which do not transit the exchanges. If thats what you are pointing at, then lets not forget that that is what drives the ME debacle. Misappropriated direct drawdowns
This is the nature of the system. The Soviets tried valiantly to eliminate this tendency with a new social order and did a reasonably good job...there werent the excesses back then that we have today...granted they werent Mother Theresa but then again she was a charlatan.
Just banging on about Russia devoid of context does not help.